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Read the article by Radford (1945) - The Economic Organization of a POW Camp. Answer the following questions based on the article. In each case,

Read the article by Radford (1945) - "The Economic Organization of a POW Camp". Answer the following questions based on the article. In each case, give examples from the article to make your point.

(a) Describe how cigarette performed the functions of money. Also, discuss the evolution of quality of cigarettes as currency.

(b) Discuss whether the teachings of the quantity theory of money and the various Keynesian motives of holding money apply to cigarettes as currency in the POW economy.

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